Question: Remaining Time: 1 hour, 55 minutes, 38 seconds. Question Completion Status: Moving to another question will save this response Question 5 of 27 estion 5

Remaining Time: 1 hour, 55 minutes, 38 seconds. Question Completion Status: Moving to another question will save this response Question 5 of 27 estion 5 2 points Save Amer Suppose the current dividends on a stock are $4.9 per share and dividends are expected to increase by 3% per year, forever. If the required rate of return is 7%, what is the value of the stock? (round your answer to 2 decimal places) Question 5 of 27 Moving to another question will save this response

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